About two months after Amazon secured approval for what could be its largest distribution warehouse yet in South Florida, commissioners will vote on whether to approve a second e-commerce development on Homestead-Miami Speedway land.
Homestead’s Planning & Zoning Board approved plans Tuesday for a 145,000-square-foot distribution facility west of the motor racing track. Though the tenant has not been disclosed, the developer, Hillwood, has built Amazon warehouses in the past.
Florida East Coast Industries broke ground on a pair of warehouses in Countyline Corporate Park in Hialeah after obtaining a $20 million construction loan.
Wells Fargo Bank awarded the mortgage to Countyline Building 24 LLC and Countyline Building 25 LLC, both affiliates of Miami-based FECI. The buildings will be constructed at 4071 and 4021 W. 108th St. They will each total 136,795 square feet.
The retail apocalypse was a major concern before the COVID-19 outbreak took hold.
In 2019, an estimated 9,500 stores went out of business, according to Coresight Research. But now, a lot of major retailers are making plans to close stores as the effects of the pandemic rear their ugly head.
Continue reading
